1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
il63 [147K]
3 years ago
11

Milton Corp. has beginning retained earnings of $800. During the year Milton had $2,000 of revenues and $900 in expenses. Milton

paid a dividend of $100. What is retained earnings at year-end?
Business
1 answer:
Karolina [17]3 years ago
6 0

Answer:

The retained earnings are $1800.

Explanation:

The beginning balance = $800.

Revenues = $2000.

Expenses = $900.

Paid dividend = $100.

Therefore the retained earning at the end of the year should be:

Beginning balance + Revenues - Expenses - Paid dividend

Retained earnings = 800+2000-900-100 = $1800.

You might be interested in
Which of the following is likely the lowest paid job listed?
Softa [21]

I think it’s 1. retail clerk

3 0
3 years ago
Read 2 more answers
If a person has $1,000 in a savings account and earns $20 a year in interest on that account, the rate of return on the money is
Lubov Fominskaja [6]

Answer:

2%

Explanation:

7 0
2 years ago
Which of the following things can you do to improve your credit score?
Art [367]
Use your credit card and pay it off each month
6 0
3 years ago
Read 2 more answers
An investor buys an 8% municipal bond in the secondary market on a 10% basis. The investor does not accrete the bond discount an
adell [148]

Answer: C

Explanation:

This is because although the coupon rate is devoid of federal income tax any market discount is taxed as interest income earned. So so if there is a way that they can be taxed without jeopardizing their basic Federal income tax-free status, why not? The discount can be accreted annually and tax paid, or the tax can be paid at maturity or sale date.

5 0
3 years ago
Read 2 more answers
Dr. Peabody recorded an $82 telephone bill that he will pay within thirty days. Which of the following statements is correct?
lana66690 [7]

Answer:

A. Telephone expense is debited $82; accounts payable is credited $82.

Explanation:

Mr. Peabody has incurred a debt of $82 on telephone expenses. His expenses have increased by $82, and his debts(liabilities) have also increased by $82.

An increase in expenses is recorded by debiting the relevant expense account. Mr. Peabody will debit the telephone expense account by $82.

Liabilities have increased by $82. An increase in liabilities is recorded by crediting the liabilities account. Mr. Peabody will complete this transaction by crediting the liabilities account by $82.

7 0
3 years ago
Other questions:
  • Suppose income increases by 25 percent​ and, as a​ result, the quantity of a particular brand of automobile demanded​ (holding t
    5·1 answer
  • Where on a check should you write the name of the payee?<br> part A<br> part B<br> or part C
    10·2 answers
  • Exercise 16-12 Determining the payback period LO 16-4 Fanning Airline Company is considering expanding its territory. The compan
    5·1 answer
  • EDGAR, the Electronic Data Gathering. Analysis, and Retreival system, performs automated collection, validation, indexing, accep
    7·1 answer
  • A company that treats its resources, products, and people as transcending national boundaries is____ company, and it will hire a
    5·1 answer
  • Making a good first impression is vital, since we tend to form an opinion in about
    8·2 answers
  • Supervisor: "I need you to work on your team retention."
    9·1 answer
  • Read the following descriptions and identify the type of risk or term being described:
    9·1 answer
  • Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning in
    8·1 answer
  • A _____ resource contains one or more identical units, each of which can be requested and used by a process on a non-shared basi
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!